Weekly Economic Update: A brief, non-technical review of the previous week's U.S. economic data releases by Kevin A. Roth, PhD
We get another small upward revision in Q1 GDP, we see that consumer spending grew in May, and we hear that June may have been a decent month for manufacturing.
As the world considers the economic and political implications of the Brexit vote, we learned last week that U.S. economic activity lagged during the spring.
The Federal Reserve does not act again (although it is still expecting to do so in 2016) while manufacturing takes another break.
What We Learned About the U.S. Economy Last Week 